Deal Size

9+ Million Dollars

Deal Broker

Erik Gainor 

Location

Wyomissing, Pennsylvania

Multi-Building Condo Portfolio

Wyomissing, Pennsylvania

 

Description:  Zeustra represented an ophthalmology practice in the sale of their two-building medical real estate portfolio consisting of a 19,000 SF medical office and a 7,000 SF surgery center.  Given that both buildings were over 20 years old and one was a condominium, we had to get creative when identifying a buyer that could get comfortable with the underlying risk. After restructuring the leases to maximize the value of the portfolio, Zeustra was able to arrange the sale as a part of the initial IPO of a publicly traded REIT.

  • Ophthalmology Practice
  • Medical Office and Surgery Center
  • 26,000 SF
  • Condominium
  • $9,300,000 Sale
  • US REIT Initial Public Offering (IPO)
  • Value Added: 7%
  • 5-month marketing and sale process (edited)